The Internet of Value

Vitalik Buterin

Why the world’s new currencies will be encrypted

The digital revolution has left no stone unturned, but perhaps one of the most unexpected revolutions currently in motion is impacting the financial sector with the arrival of the bitcoin and other decentralized electronic currencies.

In September 2017, the The Hiroshi Fujiwara Cyber Security Research Center at Technion hosted the conference: “Decentralized Cryptographic Currencies and Blockchains.” The conference featured some of the elusive movers and shakers in the field of Crypto currencies – including Vitalik Buterin, founder of Ethereum, an open-source platform based on blockchains. Ethereum skyrocketed in 2017, reaching an all-time high.

“The first generation of the digital revolution brought us the Internet of information. The second generation — powered by blockchain technology — is bringing us the Internet of value: a new platform to reshape the world of business and transform the old order of human affairs for the better.”– Don Tapscott, Blockchain expert

The conference also addressed blockchains, the technological concept behind cryptocurrencies such as Bitcoin, Ethereum, and Zcash; the regulation of virtual currencies; and more. It was attended by students, researchers, and industry professionals.

Prof. Eli Ben-Sasson (L) with conference participants

The conference was organized by Prof. Eli Biham, head of the Fujiwara Cyber Security Research Center, and Prof. Eli Ben-Sasson, both from the Faculty of Computer Science.

The Hiroshi Fujiwara Cyber Security Research Center at Technion focuses on cyber security research such as software and hardware protection, operating systems and cloud information protection as well as communication to and from the cloud, protection of IoT (Internet of Things) systems, verification of software and hardware, computer vision, security of autonomous systems, machine learning for security, cryptology andcryptanalysis, security and privacy of medical and aeronautical systems.